Krishan Kumar Modi
| Krishan Kumar Modi | |
|---|---|
| Born |
Krishan Kumar Modi 27 August 1940 Patiala, India |
| Nationality | Indian |
| Occupation | President, modi enterprises |
| Employer | Modi Enterprises |
| Spouse(s) | Bina Modi |
| Children | Charu Modi, Lalit Modi, Samir Modi |
| Website | |
|
www | |
Krishan Kumar Modi (K.K. Modi), (born 27 August 1940), is an Indian entrepreneur who is the President of Modi Enterprises, which has interests in diversified business sectors in India. Modi is the son of late Rai Bahadur Gujarmal Modi, who founded the Modi Group in 1933 by venturing into various industrial sectors in the pre and post independence era.[1] He is married to Bina Modi, who is a fashion designer, restaurateur and is also the Chairperson of the Modi Group's Family Council. Their daughter, Charu Modi and youngest son, Samir Modi handle the Group's ventures in the higher education and retail and cosmetics sectors respectively.[2] Lalit Modi, the eldest of their two sons is a former cricket administrator and is credited with creating Indian Premier League cricket tournament, which began in 2008.[3]
Personal life
Modi was born on 27 August 1940 in Patiala and was the eldest amongst the five sons and six daughters of the late Rai Bahadur Gujarmal Modi and Dayawati Modi. His brothers are Vinay Kumar, Satish Kumar, Bhupendra Kumar (B. K. Modi) and Umesh Kumar. He married Bina Modi on 4 December 1961 at the age of 21.[4] They have three children— Charu Modi, Lalit Modi and Samir Modi as well as six grand children— Priyal Bhartia, Ashrant Bhartia, Aliya Modi, Ruchir Modi, Jayati Modi and Vedika Modi.[5]
Business career
As the eldest of Gujarmal's sons, the young Krishan Kumar was thrust into the family business at an early age. In 1959, at the age of just 19, Krishan Kumar accompanied Gujarmal's brother and his uncle, Kedarnath Modi to several European countries, to explore the possibility of purchasing the latest textile machinery to produce higher quality cloth.[6] Managing the textile production in the silk mill was the next project entrusted to him.[7] His biggest opportunity yet, to impose himself arose in 1965, when he was appointed as the Vice-President of Modipon—the then newly established nylon yarn manufacturing unit in Modinagar.[8] The Modi Group of companies, officially separated in 1989, and the various businesses were divided between the five sons of Gujarmal Modi.[9][10] He has since then amassed over forty years of experience in the cigarette manufacturing, pesticides, leather & industrial chemical technology and other sectors.[11] As the head of the Corporate Management Council of Modi Enterprises, he is responsible for leading the Group's ventures in various sectors.[12] In 2010, Krishan Kumar developed a succession plan for Modi Enterprises, which encourages his children i.e. his successors to work together rather than in isolation.[13] He was also considered to be India's 89th richest man in 2012, according to Forbes.[14]
Industry representation
- Krishan Kumar Modi's extensive experience in various sectors of the Indian business ecosystem has seen him hold positions of responsibility in several industry, trade, education, sport and charitable organisations.
- President (Confederation of Asia Pacific Chambers of Commerce & Industry – CACCI)[15]
- Patron (Indian Chamber of Commerce & Industry – ICCI)[16]
- Life Member (All India Heart Foundation – Delhi)
- Former President (FICCI— Federation of Indian Chamber of Commerce & Industry)[17]
- Former President (PHD Chamber of Commerce & Industry)[18]
References
- ↑ "Modi Enterprises". Modi Enterprises. Retrieved 3 February 2014.
- ↑ "The rise of ColorBar". Forbes India. 29 January 2014. Retrieved 3 February 2014.
- ↑ e-Kulsoom, Um (27 April 2010). "Father's message to Lalit Modi: Go fight". NDTV. Retrieved 3 February 2014.
- ↑ Chauhan, Dr. P.P.S. (August 1977). A Vision of Karmayogi Gujarmal Modi. Modinagar: Allied Publicity Bureau. p. 73.
- ↑ "Sarthak Behuria to head K K Modi Group's family council". The Economic Times. 15 April 2011. Retrieved 3 February 2014.
- ↑ Chauhan, Dr. P.P.S. (August 1977). A Vision of Karmayogi Gujarmal Modi. Modinagar: Allied Publicity Bureau. p. 70.
- ↑ "India Inc: KK Modi". NewsX. Retrieved 3 February 2014.
- ↑ Chauhan, Dr. P.P.S. (August 1977). A Vision of Karmayogi Gujarmal Modi. Modinagar: Allied Publicity Bureau. p. 75.
- ↑ John, Satish (2 January 2012). "After Ambanis, it's Modis' turn to show sibling camaraderie at BK Modi's birthday". The Economic Times. Retrieved 3 February 2014.
- ↑ Ninan, T.N. "Fratricidal war". India Today. Retrieved 3 February 2014.
- ↑ "KK Modi Story". Modicare. Retrieved 3 February 2014.
- ↑ "KK Modi group rejigs, aims $5 bn mkt cap in 5 yrs". Press Trust of India. 14 April 2011. Retrieved 3 February 2014.
- ↑ "Modi empire may be sold: K K Modi". The Financial Express. 27 April 2010. Retrieved 3 February 2014.
- ↑ "India's Richest (2012)". Forbes. Retrieved 3 February 2014.
- ↑ "Dikshit proposes Asian metro cities network for urban renewal". The Hindu Business Line. 18 February 2005. Retrieved 3 February 2014.
- ↑ "Introduction to ICCI". Indian Chamber of Commerce & Industry. Retrieved 3 February 2014.
- ↑ Edwin, Tina (20 November 1997). "New Ficci chief against MNCs taking over domestic firms". The Financial Express. Retrieved 3 February 2014.
- ↑ "About K.K. Modi". Asian Financial Forum. Retrieved 3 February 2014.